Mortgage Rates For June 26, 2017

We’re starting off the week near the best levels of 2017 as the bond market continues to move sideways.  A similar theme to last week; the bond market continues to see little movement with the 10y yield at the 2.14 level and the 3.5 mortgage interest ratecoupon at the 103.20 level.  This morning we had the Durable Goods reading and there was nothing too surprising about the report.  Tomorrow we have a CaseSchiller report and Consumer Confidence.  Unless the market moves significantly we should continue to see 30 year fixed conforming rates below 4.00% and 15 year fixed conforming rates below 3.25%.

Generally speaking homes have been selling fast in 2017 and with the recent move down in mortgage rates we’re starting to see an upswing in refinance transactions.  If you are considering a purchase its important to determine how much house you can afford.  While the final decision obviously is that of the buyer; it’s important to speak with an experience and knowledgeable Loan Officer to help inform that decision.  Especially if you’re a First Time Home Buyer (FTHB).  The Loan Officer will be able to assist with understanding current lending guidelines and programs available to make sure you’re making an informed decision.  And if you’re looking for a mortgage company for people with bad credit be sure to work with one that is reputable and has a high rating with the Better Business Bureau.

If you are considering a purchase or if you’re looking to refinance your current mortgage please contact us directly for a no cost – no obligation quote.  We offer industry low mortgage rates and top notch customer service.  We have a top rating with the Better Business Bureau and the Business Consumers Alliance.

UPDATE:

The Durable Goods Report came in slightly worse than expected (-1.1 vs -0.6).  There has been little reaction in the bond market as the 10y yield moved from the 2.14% level to 2.13%.